Bitcoin Forum

Accumulate Bitcoin as much as you can.
And thank me later... ;)

ok let assume that i am accumulating more Bitcoin right now or buying a lot of Bitcoins right now,
and then what will happen ?
everybody know about listing that will happen on CME futures (hope so).
but we're not yet sure about it,what i mean is everything can be happen right ?
other than listing on CME futures in the next few days later,do we have another thing that we will see in the next future ?
at least until the end of this year we will not see anything else.
which mean correction is expected right after the news ?
or you may be have another thing that you want to express or explain to us about what will happen after the listing ?

why you say that simply price is so high and may be all network blocking  *Crasing*after CME launch.

Buy bitcoin without plan is so risky this days

well, to be honest i say the news is over and the hype is going down now. and the price has already risen enough because of this and the huge amount of money that it brought into bitcoin in total.

but on the other hand if you check the price, you can see it is rising again. so i am not so sure about it. but i tell you what, if price breaks above $19000 this is a legit rally otherwise it is simple fluctuation testing the waters.

Things are not that simple, CME launch could mean BTC exposure to the bunch of classical economics experts, loaded with money, most of them thinking that BTC is a bubble and it would be a great opportunity for them to short BTC.

No it's not, actually. There have been lots of times when people thought that the price of bitcoin is too much and it's already too late to buy. Every time it turned out that the time was still great. CME launch is believed to be a dangerous move, because the price will probably go up too fast. I agree with that, but people will still buy btc anyway, so I suppose the op is right, it's a good way to get some fast profit.
Even if people who use CME will not be very interested in btc, the overall excitement will do the job.

I also think that this whole thing will bring Bitcoin to a higher price.
I also agree that it's not too late to purchase coins because Bitcoin is not known to that many people.

Accumulating bitcoin is good, but again CME futures doesn't have direct effect on the bitcoin market. That is a separate entity so if anything it could help bitcoin that would be the positive hype and the mindset for average people that bitcoin is now a legitimate investment that they could get their hands on since the financial magnates are now endorsing/having their own market for it. $20000 might be breached next week, but i'm already pleased as to where it's at right now.

They are betting on the price of the bitcoin and not in the bitcoin itself. The direct impact will never be received by the bitcoin. It just like the more speculators try to play the market. But it's still a speculation. I just waiting for the market reaction due to the bitcoin futures contract some days later.

I´d argue that the opposite is even more likely.

My two major reasons:
1. Institutional investors don´t like to buy an asset at the top. Bitcoin has made several new all-time highs in the
last weeks and therefore they will most likely wait for a correction before committing serious money.
It is possible that some might invest smaller sums though.

2. The Bitcoin futures are the first regulated way to effectively short Bitcoin. Many people have voiced doubts about
Bitcoin and now they can finally put their money where their mouth is. Previously, you had to use more or less
sketchy exchanges in order to short Bitcoin, which deterred professional traders.

This doesn't looks like CME added bitcoin futures without reason. They have lot of economist and experts in investments. Also they still looking this as a bubble and it may blast anytime. Besides the supporters are very confident with a bitcoin growth in future only because its decentralized is the best thing ever its happened in bitcoin.
May be the CME involvement might excited most of us  that it got a support from leading exchange giant. We can consider this a reason for small spike in value but not the whole.
Bitcoin reached many peoples mind only because of its growth this year. We can expect many new investors to the crypto market

Oh yes please let them short!
Do you know how much they have to increase their margin to short Bitcoin? For interactive brokers it's x5!!
Bitcoin and crypto in general is in a massive bullrun. You don't short this. That is suicide. Shorters will get rekt as usual in this space!
And I can assure you so many also from Wall Street see the upside potential in terms of growth, therefore it's so much for them to long and pump this thing to highs you may not think about. They will not fight the trend!
We are in a "everything is a bubble stage". Look at all the markets out there. Bitcoin won't be an acception here!

What do you mean accumulate more? Do you know something that we are not aware of? If you are pertaining that bitcoin price could go to $20,000 because of the CME then we love to it see, however, no one is certain what will happen. Personally, I think its already price it, but I may be wrong. And if we are going to based everything on CBOE experience, we didn't have any significant gain, but reduced volatility. Although last time I checked, the price is just above $18,000. But bitcoin futures contracts is so much different from what a ordinary or successful trader is doing. So It can go either way, but since all of us are very bullish, we always think that they can really bring a lot of investors to the ecosystem to profit, it may or may not be the case.

Bitcoin future is just a contract which works like binary option and it is betting on the market not a real buy/sell orders on bitcoin trading.
It will never put any money into bitcoin neither it will take out money from bitcoin.

The one who will choose to bet on market to dump can also use their own bitcoin to make real dump on market so that they can win their contract which might trigger series of panic selling. But till now everything is quite uncertain...

1. price is already on the rise, currently at $18,580 so there is obviously nothing i can add to tell you this was not correct.

2. if price of bitcoin changes more than 7% they will shut down the market. so you can not short big time. so again this point can not be correct either.

Well, if we go by the experience of the CBOE futures, those same experts have bid teh futures prices way above the spot bitcoin prices on the exchanges!

I think a lot of the experts think they've missed out on bitcoin and are trying to make up for lost time.

This crypto market runs on news whether it is fake or legit. An average Joe doesn't care about technology in cryptos because he doesn't understands that. Bitcoin futures hardly gonna have any impact on Bitcoin. But for people it is a positive news and hence they should invest in it because price will rise in effect of the news. This is how whole market is working. People run behind investing in coins with utility but end up never using that coin ever. They care about a single news just to pump the coin.

CME is launching bitcoin futures exchnge that is definitely going to give some boost to bitcoin's value . Even though the boost will be there but the idea and speculation cannot be made on how much the boost is going to effect the value .
The blockchain is already outgrowing dont know how much the CME launch can effect the blockchain . The transaction price is already sky rocketting that is going to boost it furthur .

Assuming that you posted this crap yesterday, the price was less than $18,000 at that time  ;)

Now it is upto $19,500 each bitcoin, and it touched $20,200 today at the morning, i remember it because i was sleeping like a zombie and suddenly i woke up to see coinmarketcap, and yes! the price was over $20,200.

This recent pump has been caused only be the CME futures, there is not any other explanation for this.

So lets keep hyping it, maybe it can be touching more than $22,000 before the end of the year.

Of course there is another explanation... the explanation that the bitcoin asset is limited to 21 million coins forever, which means a constant bull presure irrespective of what news are going on. Only for the collector's value it keeps going up. We will find out soon what CME is all about. I think we could touch $16,000 easily then bounce back, just as we did from $16,000 to $12,000 to bounce back. Im not scared of that, and that could be just normal market ups and downs, and people will think it's CME when it's not.